The light side of investing and financial markets

Shoprite

To market to market to buy a fat pig. Another record close for The Dow and our All Share, up 0.23% and 0.47% respectively. The S&P 500 and Nasdaq are one or two strong days away from their all time highs too. The big news for Friday was the US jobs data, which was … Continue reading The Hoff goes Shopping

"Retail Africa will be a giant that will have/has annual revenues of 200 billion Rand, and EBITDA of 15 million Rand, roughly at the exchange rates today of 14.6 billion Dollars in sales and 1.1 billion Dollars in EBITDA. That is an epic beast, I was looking for global comparisons, as the company plan to … Continue reading Retail Africa

"Valeant Pharma stock continued their torrid time of it lately, the stock since the beginning of August is down 43 percent. And that included a ten and a half percent fall last evening. Why? Since the gouging tweet from Hilary Clinton back early August, the company has been subpoenaed by US prosecutors who are looking … Continue reading Tweet Tweet, Boom

"Shoprite is a business that has, to borrow a quote from Charlie Munger on Costco, done more for society than any charitable cause. Of course the company has benefited from government social security programs, being able to do business in places where previously economic activity was limited." To market to market to buy a fat … Continue reading Shoprite in the tough spot

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About Vestact

Vestact was established by Paul Theron in late 2002.
We look after money for private clients, not institutions. We manage your investments in Rands in Johannesburg and in US Dollars in New York. We offer individualised investment accounts, which means that you get your own portfolio, not a slice of some fund.
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